PCM Fund Inc. (NYSE:PCM) Short Interest Update

PCM Fund Inc. (NYSE:PCM) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 27,200 shares, a drop of 21.4% from the December 15th total of 34,600 shares. Based on an average trading volume of 52,300 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On PCM Fund

An institutional investor recently raised its position in PCM Fund stock. Horizon Kinetics Asset Management LLC raised its holdings in shares of PCM Fund Inc. (NYSE:PCM) by 64.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 40,252 shares of the investment management company’s stock after acquiring an additional 15,720 shares during the period. Horizon Kinetics Asset Management LLC owned approximately 0.34% of PCM Fund worth $322,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 10.26% of the company’s stock.

PCM Fund Price Performance

PCM stock traded down $0.01 during midday trading on Friday, reaching $6.71. The stock had a trading volume of 59,241 shares, compared to its average volume of 137,486. PCM Fund has a twelve month low of $6.50 and a twelve month high of $9.15. The business has a fifty day simple moving average of $7.70 and a two-hundred day simple moving average of $7.78.

PCM Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be given a dividend of $0.0642 per share. This represents a $0.77 annualized dividend and a dividend yield of 11.50%. The ex-dividend date of this dividend is Monday, January 13th.

PCM Fund Company Profile

PCM Fund Inc is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities.